The new reserve currency won't be a single country's currency but a basket of cu... | Hacker News

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		gizmo 9 days ago \| parent \| context \| favorite \| on: US Administration announces 34% tariffs on China, ... The new reserve currency won't be a single country's currency but a basket of currencies, where the ratio contribution of component currencies gets adjusted every once in a while.

matt-p 9 days ago [–]

Ok and who will administer the basket? I'm not saying it's impossible just a bit impractical perhaps.

rongrobert 9 days ago | [–]

It is just economically clueless people talking nonsense.

Whatever basket we come up with has all the same properties that cause the Euro to not displace USD but worse. Much worse.

matt-p 9 days ago | | [–]

Indeed.

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